August 18, 2011

European Airline orders four Bombardier Q400 NextGen Turboprops

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Bombardier released that a European airline, which has requested to remain unidentified at the present time, has signed a firm order for four Q400 NextGen high-speed turboprop airliners. The transaction includes options on an additional four Q400 NextGen aircraft. Based on the Q400 NextGen aircraft list price, the firm order is valued at approximately $126 million.

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Airbus signs MOU with VEB-Leasing on financing and leasing cooperation

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Airbus has signed a Memorandum of Understanding (MOU) with leading Russian leasing company, VEB-Leasing, on cooperation in aviation leasing and finance. The MoU was signed on the occasion of the International Aviation and Space Salon MAKS-2011. In this context, Airbus and VEB-Leasing will share competences, experience and information in order to cooperate on aircraft financing

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El Al reports 2nd quarter net loss of $19.7 million

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El Al Israel Airlines, the Israeli national carrier, reported 2nd quarter of 2011 financial results. Revenues for the quarter totaled $530.5 million, compared to $502.4 million in the parallel period last year, an increase of about 6%. Gross profits for the current quarter totaled about $60.3 million (a ratio of about 11.4% on turnover), compared to

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Joachim Hunold steps down as CEO of AirBerlin

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Mr. Joachim Hunold’s offer to step down as the company’s CEO as per 1 September 2011 was accepted by the Board of Directors of Air Berlin PLC. Mr. Hartmut Mehdorn, who has been a member of the Board of Air Berlin PLC since 1 July 2009, will assume the position as CEO for an interim period.

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Chromalloy to establish new subsidiary in Seoul

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Chromalloy, a leading independent provider of advanced repairs, services and solutions for aerospace, industrial gas turbine (IGT) and aero-derivative engines, has established a new subsidiary in Seoul, South Korea – Chromalloy Korea, Ltd. The addition of Chromalloy Korea, which will serve as a sales, marketing and customer support office, follows a two-year growth pattern in

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Japan Coast Guard to boost fleet with new EC225 helicopters

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Japan Coast Guard, Eurocopter Group and Eurocopter Japan have signed a contract for the supply of three additional EC225 helicopters to the Japan Coast Guard. These aircraft will be the first civilian helicopters to be equipped with the most advanced mission system, to be deployed for search and rescue as well as law enforcement missions.

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JetBrokers Europe reports best month on record for aircraft sales

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JetBrokers Europe, the Farnborough-based European arm of JetBrokers Inc, reports the best month on record in July in terms of pre-owned aircraft sales activity. In addition to sales of smaller aircraft, the JetBrokers team completed transactions for two mid-sized jets in July, a 2008 Cessna Citation Sovereign S/N 680-0189 and a 2004 Cessna Citation X

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ARINC will provide Eurocontrol test system to validate VDL Mode 2 Avionics under 2013 mandate

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ARINC Incorporated has been awarded the contract to provide Eurocontrol with a test system to validate the functioning of VDL Mode 2 (VDL2) avionics in a multi-frequency environment. ARINC’s validation system will be installed in a new laboratory at the Eurocontrol Experimental Centre (EEC) in Bretigny, France, the same location where ARINC installed a VDL2

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Thai Airways finalizes Boeing 777 order

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Thai Airways International (THAI) finalized a firm order for six 777-300 Extended Range (ER) airplanes. The order completes an agreement to purchase Boeing 777-300ERs announced during the Paris Air Show in June. At list prices, the order is valued at $1.7 billion. THAI currently operates nearly every 777 model produced, including the 777-200, 777-200ER, 777-300 and 777-300ER.

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FL Technics Ulyanovsk aircraft technical facility is under construction

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FL Technics Ulyanovsk, a complex aircraft technical support and maintenance services provider, has announced a further expansion of its services’ network. On the 17th of August 2011 FL Technics Ulyanovsk was granted a residence certificate for operating within the free economic zone in Ulyanovsk, Russia. According to the newly signed contract, by 2018 the Ulyanovsk-Vostochny

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European Airline orders four Bombardier Q400 NextGen Turboprops

Airbus signs MOU with VEB-Leasing on financing and leasing cooperation

El Al reports 2nd quarter net loss of $19.7 million

Joachim Hunold steps down as CEO of AirBerlin

Chromalloy to establish new subsidiary in Seoul

Japan Coast Guard to boost fleet with new EC225 helicopters

JetBrokers Europe reports best month on record for aircraft sales

ARINC will provide Eurocontrol test system to validate VDL Mode 2 Avionics under 2013 mandate

Thai Airways finalizes Boeing 777 order

FL Technics Ulyanovsk aircraft technical facility is under construction

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18 August 2011

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